Diageo Chief Debra Crew Steps Down Amid Troubled Spirits Space

Dear Client:  Diageo announced yesterday that CEO Debra Crew has stepped down “effective immediately,” marking a sudden change at the top spirits maker as it navigates a tough stretch for the category. CFO Nik Jhangiani will serve as interim CEO while the board begins “a comprehensive formal search process” for Debra’s successor, considering both “internal and external candidates.”  Recall Debra joined the Diageo board in 2019 as a non-executive director before taking on the role of president North America in